Insider Selling: The Home Depot Insider Unloads 14,916 Shares of Stock (HD)
The Home Depot (NYSE:HD) Insider Craig A. Menear sold 14,916 shares of the company’s stock on the open market in a transaction dated Friday, May 23rd. The stock was sold at an average price of $79.14, for a total value of $1,180,452.24. Following the sale, the insider now directly owns 99,950 shares in the company, valued at approximately $7,910,043. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
The Home Depot (NYSE:HD) traded up 0.64% during mid-day trading on Tuesday, hitting $79.69. 4,765,351 shares of the company’s stock traded hands. The Home Depot has a 1-year low of $72.21 and a 1-year high of $83.20. The stock has a 50-day moving average of $77.93 and a 200-day moving average of $79.11. The company has a market cap of $108.9 billion and a P/E ratio of 20.13.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that The Home Depot will post $4.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Tuesday, June 3rd.
A number of research firms have recently commented on HD. Analysts at RBC Capital raised their price target on shares of The Home Depot from $96.00 to $97.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $90.00 price target on the stock, up previously from $82.00. Finally, analysts at Jefferies Group cut their price target on shares of The Home Depot from $94.00 to $90.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $88.14.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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